Crédit Agricole du Maroc (CAM) announced on Wednesday the launch of its new product “TASBIQ FDA” which allows farmers receiving grants from the Agricultural Development Fund (FDA) to have immediate cash while waiting for the effective release of their funds. grant.
In a press release, CAM specifies that this new product, the result of in-depth consultation between the Ministry of Agriculture, Maritime Fisheries, Rural Development and Water and Forests and the CAM, the implementation of “TASBIQ FDA Was the subject of the signing of a memorandum of understanding by both parties.
It consists of an advance on the FDA grant decision, which is part of the constant mobilization of the CAM Group alongside agricultural operators and following the meetings organized with the various inter-professional agricultural federations and the Symposium held on 23 March 2021 around the support of Generation Green 2020-2030 by the bank.
The FDA is a major instrument in the deployment of national agricultural strategies and an investment lever contributing to the improvement of farmers’ incomes and to the general development of the Moroccan economy. Thanks to its new product, CAM now supports the FDA in its crucial role of promoting private investment in the agricultural sector.
Being able to reach up to 90% of the amount of the subsidy decision granted by the State, “TASBIQ FDA” will be granted at the rate of 3.5% and reaffirms the effective involvement of the CAM for the development of all actors of the value chains and its firm commitment to support the deployment of the Generation Green strategy and to be fully in line with the dynamics that it has generated.
